Director Shareholding

Slough Estates PLC
15 December 2000


Letter to Company Announcements Office

Slough Estates plc - Schedule 11

Further to our Directors' notification, Schedule 11, regarding Mr D E F Simons
dated 14 December 2000, please be advised that this transaction was an exercise
and subsequent sale of Executive Share Options, i.e. the exercise of Executive
Share Options over 57,988 Ordinary Shares in Slough Estates plc.

The details of the transaction are as follows:

          Name            No. of Shares     Option Price     Date of Exercise


          D E F Simons     6,615            217.83p          )
                          33,923            210.5p           )  14.12.00
                          17,450            271.5p           )
                          57,988

Letter from Slough Estates plc